Historical record. CMS lists this CCN as terminated (voluntary - merger/closure). Continued as Urban PPS hospital CCN 150056 (no profile for that CCN in this atlas). The financials below are the historical results reported under this number and are excluded from current peer comparisons and state counts.
Cost-report basis
HCRIS · as filed
Not audited by Astrelis
Operating margin: +28.2% in FY2025, the 94th percentile of 2,523 urban pps hospitals in the FY2025 pool. Days cash on hand: 969 days in FY2024, the 99th percentile of 2,445 urban pps hospitals in the FY2024 pool. Total operating revenue: $523.0M in FY2025, the 71st percentile of 2,553 urban pps hospitals in the FY2025 pool. Total margin (including nonoperating): +28.2% in FY2025, the 94th percentile of 2,523 urban pps hospitals in the FY2025 pool. Figures as filed; not audited by Astrelis.
Financial anchor year: FY25. Margin and revenue are as filed for FY25. Balance-sheet measures (current ratio, equity financing, days in A/R) use FY24, the latest filing whose balance sheet reconciled as filed. Days cash on hand is FY24, the most recent year that passed the display gate. Every tile below states its own fiscal year; nothing is carried forward or estimated.
The read
A hospital in Carmel, IN. It ran an operating surplus of 28.2% in FY25 on $523.0M of operating revenue. It held 969 days of cash on hand in FY24, its most recent reported liquidity (99th percentile of 2,445 Urban PPS hospitals on liquidity, FY24 pool). Operating margin declined from 29.3% in FY20 to 28.2% in FY25.
Operating margin · FY25
+28.2%
Astrelis calculation · as-filed inputs
▼ 1.9 pts vs FY24
vs Urban PPS hospitals94th pctl of 2,523 (FY25 pool)
pool: this metric's own fiscal year · excludes historical, non-panel, and out-of-range values
Days cash on hand · FY24
969d
all sources
Astrelis calculation · as-filed inputs
▲ 41 days vs FY23
vs Urban PPS hospitals99th pctl of 2,445 (FY24 pool)
pool: this metric's own fiscal year · excludes historical, non-panel, and out-of-range values
Total operating revenue · FY25
$523.0M
Astrelis calculation · as-filed inputs
▲ $8.3M vs FY24
vs Urban PPS hospitals71st pctl of 2,553 (FY25 pool)
pool: this metric's own fiscal year · excludes historical, non-panel, and out-of-range values
Total margin · incl. nonoperating · FY25
+28.2%
Astrelis calculation · as-filed inputs
▼ 1.9 pts vs FY24
vs Urban PPS hospitals94th pctl of 2,523 (FY25 pool)
pool: this metric's own fiscal year · excludes historical, non-panel, and out-of-range values
One point of operating margin at INDIANA UNIVERSITY HEALTH NORTH HOSPITAL is about $5.2M per year (1% of FY25 total operating revenue).
Where INDIANA UNIVERSITY HEALTH sits among Urban PPS hospitals
Operating margin · FY25 pool · n = 2,523 of 2,652 filed
Each point is one Urban PPS hospital in the national FY25 distribution for Urban PPS hospitals, this hospital's comparison cohort, placed by operating margin. Facilities are not matched on size, case mix, or market; that is the matched-peer comparison in the paid benchmark. The Urban PPS hospital FY25 median is +2.4%. Descriptive context only, not a ranking.
One urban pps hospitalINDIANA UNIVERSITYUrban PPS hospital median
The money
$ thousands · HCRIS cost-report basis · as filed, QA-gated
Ratios tell you how this hospital is doing. Statements tell you what kind of organization it is, and where the money comes from. Every figure below traces to a public cost-report filing, shown as filed. A ratio computes only when every input is reported in the filing (otherwise its cell states which input is Not reported in source); a year whose balance sheet does not reconcile is labeled, and its derived ratios read Astrelis calculation unavailable. Not audited by Astrelis.
41.09× (FY24) — outside expected range; computed from the filed statement and not ranked against peers
Total current assets ÷ current liabilities
Astrelis calculation · HCRIS WS G
Equity financing ratio
98% (FY24)
Total net assets ÷ total assets
Astrelis calculation · HCRIS WS G
Days in net patient A/R
72d (FY24)
Net patient receivables × days in the report's own period ÷ net patient revenue, same fiscal year
Astrelis calculation · HCRIS WS G / G-3
$ in thousands
Line item
FY23
FY24
FY25
Patient revenue
436,540
473,652
482,068
Other operating revenue
34,563
41,015
40,901
Total operating revenue
471,103
514,667
522,969
Total operating expenses
322,451
359,879
375,389
Operating income
148,652
154,787
147,580
Operating margin %
+31.6%
+30.1%
+28.2%
Other non-operating, net
0
0
0
Net income
148,652
154,787
147,580
Net income %
+31.6%
+30.1%
+28.2%
— = Not reported in source for that year.
HCRIS Worksheet G-3 / S-3 · $ thousands · FY20–FY25 · FY20–21 may include COVID-era relief funding in nonoperating income
Display states.FY25 · Days cash on hand — Astrelis calculation unavailable (the balance sheet (Worksheet G) is not filed on this cost report)FY20 · Days cash on hand: -3 days — Astrelis calculation · outside expected range; shown at the chart boundary and included in peer statistics (outside the 0–1,500-day expected range — a valid filing can produce this; the pool absorbs it)
How it operates
quality & operational context · CMS public reporting
The metrics this hospital type is judged on: care quality, patient experience, and scale. Each is labeled by provenance class and public source; descriptive context only, never a ranking or adequacy claim. Provenance labels: Reported value is copied from the named public source; Astrelis calculation is a formula applied to unchanged reported inputs, with the formula shown; Illustrative estimate is a benchmark gap, multiplier, or scenario — never a measurement.
Scale and flow
Occupancy
58.6%
Reported value2025
HCRIS WS S-3
Average daily census
77.09
Reported value2025
HCRIS WS S-3
Staffed beds (acute)
130
Reported value2025
HCRIS WS S-3
Annual discharges
34,589
Reported value2025
HCRIS WS S-3
Average length of stay
1 day
Reported value2025
HCRIS WS S-3
Cost per patient day
$13,490
Astrelis calculation2025
Astrelis calculation — total operating expense ÷ total patient days (HCRIS WS G-3 / S-3)
Cost per discharge (unadjusted)
$10,853
Astrelis calculation2025
Astrelis calculation — total operating expense ÷ discharges, NOT case-mix adjusted (adjusted discharges are not on the public filing set)
Total FTEs
1,102
Reported value2025
HCRIS WS S-3 Pt II
Who it serves
Total unreimbursed & uncompensated care
$4.9M
Reported value2023
HCRIS WS S-10 line 31
How the care measures up
C. difficile infection (SIR)
0.099
Better than the National Benchmark
CMS-reported measure07/01/2024 to 06/30/2025
CMS Care Compare
Hospital-wide unplanned readmission
14.7%
No Different Than the National Rate
CMS-reported measure07/01/2023 to 06/30/2024
CMS Care Compare
Medicare spending per beneficiary
1.03
CMS-reported measure01/01/2024 to 12/31/2024
CMS Care Compare
Patient-safety composite (PSI-90)
0.717751
CMS-reported measure07/01/2022 to 06/30/2024
CMS Care Compare
Trajectory
Cost-report basis · 6 reporting years
Operating margin
Days cash on hand
The county this hospital serves
HAMILTON County, IN · metro, 1M+ population
Median household income
$118.0K
vs $82.1K US · $59.7K rural median
Poverty rate
4.3%
vs 12.5% US · 14.3% rural median
Uninsured
4.2%
vs 8.6% US · 8.4% rural median
Age 65+
13.4%
vs 16.8% US · 20.6% rural median
Fair or poor health
12.8%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 2.7% of county personal income is Medicare/Medicaid medical benefits; 8.1% arrives as government transfers (BEA, 2022).
Illustrative advocacy scenario: what this hospital means to Hamilton County
Illustrative estimate · FY24 cost report
Direct annual spending
$359.9M
total operating expense · Reported value, not a local-capture estimate
Labor income
$99.0M
$83.2M direct compensation × 1.19 · NCRHW 2016 CAH study · Illustrative estimate
Economic activity
$827.7M
direct spending × 2.30 · AHA national hospital economic activity report — a national hospital ratio, not a CAH or county figure · Illustrative estimate
Share of county employment
0.6%
of all county jobs · Reported value
Employment and labor income multipliers are from the National Center for Rural Health Works 2016 study of Critical Access Hospital economic impact (IMPLAN Type II, U.S. rural county populations); the economic-activity ratio is from the AHA national hospital economic activity report and describes U.S. hospitals as a whole; it is not a CAH-specific or county-specific figure. Applying any of these to an individual facility is an illustrative advocacy scenario, not a measurement: local capture depends on payroll residency, purchasing patterns, and county economic structure the sources do not observe. This facility is not a critical access hospital, so the NCRHW-derived lines borrow from a different hospital type; the label says so here rather than in the number. Direct figures are reported values from the facility's HCRIS cost report. Want a defensible facility-specific figure? Request a Facility Economic Impact Study →
Operating margin vs its peer poolFY25Astrelis calculation
Operating margin vs its peer pool: FY25 pool · n = 2,523.
Report coverage: Historical Facility Benchmark. 13 of 17 facility measures available from public sources. This CCN is terminated. The report benchmarks the record's final filed years against their own contemporaneous peer pools and says so on every exhibit; no current-year comparison is implied. The refund guarantee stands: if we cannot deliver the published scope, you pay nothing.
The Board Briefing
The record's final filed years, benchmarked against the peer pools of their own era and labeled so on every exhibit.
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Cite this page
release 2321a4fc37a7 · 2026-10-22
Astrelis Atlas, "Indiana University Health North Hospital", https://astrelis.co/hospitals/150161, release 2321a4fc37a7 (2026-10-22). Figures as filed in the named public sources; not audited by Astrelis.
Machine-readable twin of this page: astrelis.co/hospitals/150161.md (Markdown, the same figures with their fiscal years, pools and definitions). Last modified: release 2321a4fc37a7, 2026-10-22. Figures are as filed in the named public sources. Astrelis is not a CPA firm and performs no audit, review or attestation of any facility.
